Binance has become the first official member of T3+, the expanded Financial Crime Unit founded by #Tron , #Tether , and #TRMLabs . The group has frozen over $250 million in criminal assets since its September 2024 launch.
This represents nearly double their $130 million total from January, with over $3 billion in transactions monitored. T3+ functions as a public-private partnership with global law enforcement to accelerate cross-border investigations.
Binance's Global Head of Financial Intelligence calls it "proactive collaboration," bringing significant resources to combat illicit activities. Tether CEO Paolo Ardoino praised the industry-wide cooperation effort for demonstrating shared goals against #cryptocurrency crime.
TRM Labs reports overall illicit crypto volume dropped 24% in 2023, representing just 0.4% of total transactions. The TRON network experienced the most significant decline with criminal activity decreasing $6 billion year-over-year.
The success demonstrates how industry collaboration effectively combats bad actors. More exchanges and platforms are expected to join the expanding initiative as regulatory cooperation increases.
#REVABinanceTGE $TON $XRP $TRX
